Ellen J. Kullman

Ellen J. Kullman

Kullman at the Joseph Priestley Society in 2010
Born Ellen Jamison
(1956-01-22) January 22, 1956
Wilmington, Delaware
Residence Wilmington, Delaware
Nationality American
Ethnicity Irish American[1]
Alma mater Tufts University
Northwestern University
Occupation Business executive
Home town Wilmington, Delaware
Salary $11.3 million (2010, including salary, bonuses and stock options)[2]
Title Former president, Chair and Chief Executive Officer of DuPont
Board member of DuPont (2008-2015)
General Motors (2004-2008) United Technologies (2009-present)
Spouse(s) Michael Kullman
Parent(s) Joseph Jamison
Margaret Jamison

Ellen J. Kullman (born January 22, 1956) is an United States business executive. She was formerly Chair and Chief Executive Officer of E. I. du Pont de Nemours and Company ("DuPont") in Wilmington and is a former director of General Motors. Forbes ranked her 31st of the 100 Most Powerful Women in 2014.[3] On October 5, 2015, DuPont announced that Kullman would retire on October 16, 2015.[4]

Early life

Kullman was born Ellen Jamison in Wilmington, Delaware,[5][6] the younger daughter of Joseph and Margaret Jamison.[5] She has two older brothers and an older sister.[5] Kullman attended Tower Hill School in Wilmington and then studied mechanical engineering at Tufts University, where she received her bachelor's degree in 1978.[5] In 1983, she received a master's degree in management from Kellogg School of Management at Northwestern University.[5]

Career

Kullman at the annual meeting of the World Economic Forum in Davos, Switzerland, January 30, 2009

Kullman began her business career at General Electric and joined DuPont in 1988 as marketing manager in the company's medical imaging business.[5][6] In her later role as executive vice president she was responsible for four of DuPont's business platforms as well as leading the company's growth in markets outside the USA.[5]

DuPont's board of directors elected Kullman President and a director of the company with effect from October 1, 2008 and Chief Executive Officer with effect from January 1, 2009.[7] She is the nineteenth executive, and the first woman, to lead the company in its 212 year history.[8] Fortune magazine named Kullman fifteenth in its list of the world's fifty most powerful women for 2008,[9] and fifth on the list for 2009[10] and 2010.[11] In 2014 she was ranked as the 31st most powerful woman in the world, up from 42nd in 2013.[3] The Wall Street Journal named her eighth on its 2008 list of "Women to Watch".[12]

Kullman was a director of General Motors from 2004-2008[13][14] and was elected to the Board of Trustees of Tufts University in 2006.[15]

On October 30, 2009, DuPont announced that its board of directors had elected Kullman as Chair of the company effective December 31, 2009.[16][17]

She is a member of the Executive Committee of The Business Council for 2011 - 2013.[18]

Kullman has also previously been awarded Sellinger's Business Leader of the Year.[19]

On June 6, 2013 the US-China Business Council announced that Kullman had been elected as its Chair.[20]

Kullman's retirement was announced by DuPont on October 5, 2015 (effective October 16, 2015) following a battle with activist investor Nelson Peltz and Trian Fund Management, his investment firm. Peltz sought 4 board seats and argued that DuPont needed to cut costs and meet financial targets, but had lost a shareholder vote earlier in the year.[4]

Personal life

Kullman is married to Michael Kullman and they have three children.[5][6]

References

  1. ↑ "Ellen Kullman". Irish America. 2013-08-13. Retrieved 2014-06-26.
  2. ↑ "DuPont CEO got $11.3M pay package in 2010 - Yahoo! Finance". finance.yahoo.com. March 18, 2011. Archived from the original on March 18, 2011. Retrieved March 18, 2011.
  3. 1 2 "The World's 100 Most Powerful Women". Forbes (Forbes). Retrieved 24 June 2014.
  4. 1 2 de la Merced, Michael J. (5 October 2015). "DuPont Chief Executive Ellen Kullman to Retire". Dealbook (New York Times). Retrieved 5 October 2015.
  5. 1 2 3 4 5 6 7 8 Eder, Andrew. "A new era dawns at DuPont Co.". delawareonline.com. Archived from the original on 2008-09-29. Retrieved 2008-09-24.
  6. 1 2 3 "Biographical information on Ellen Kullman". www.webcitation.org. Archived from the original on 2008-09-29. Retrieved 2009-02-16.
  7. ↑ "DuPont: Investor Center —News Release". phx.corporate-ir.net. Archived from the original on 2008-09-29. Retrieved 2008-09-23.
  8. ↑ "Bloomberg.com: News". www.bloomberg.com. 2008-09-23. Archived from the original on 2008-09-29. Retrieved 2008-09-24.
  9. ↑ "50 Most Powerful omen —Ellen Kullman (15) - FORTUNE". cnn.com. Archived from the original on 2008-10-01. Retrieved 2008-10-01.
  10. ↑ "50 Most Powerful Women - 7. Ellen Kullman (7) - FORTUNE". cnn.com. 2009-09-15. Archived from the original on 2011-03-11. Retrieved October 1, 2010.
  11. ↑ "50 Most Powerful Women - Ellen Kullman (7) - FORTUNE". cnn.com. 2010-09-30. Archived from the original on 2011-03-11. Retrieved October 1, 2010.
  12. ↑ Crittenden, Michael R. (2008-11-10). "Women to Watch — WSJ.com". online.wsj.com. Archived from the original on 2008-11-10. Retrieved 2008-11-10.
  13. ↑ "WebCite archive of General Motors: Investors: Corp Governance: Board of Directors as of 09/29/08". www.webcitation.org. Retrieved 2009-02-22.
  14. ↑ "DuPont president resigns from GM board — MarketWatch". www.marketwatch.com. Archived from the original on 2011-03-11. Retrieved 2008-12-11.
  15. ↑ "Trustee Information — Office of the Trustees — Tufts University". www.tufts.edu. Archived from the original on 2008-11-18. Retrieved 2008-11-18.
  16. ↑ "DuPont names Ellen Kullman as chair - MarketWatch". www.marketwatch.com. Archived from the original on 2009-11-06. Retrieved 2009-11-06.
  17. ↑ "DuPont's Board of Directors Appoints Ellen Kullman Chair". www.prnewswire.com. Archived from the original on 2009-11-06. Retrieved 2009-11-06.
  18. ↑ The Business Council, Official website, Executive Committee
  19. ↑ "DuPont CEO Ellen J. Kullman named Sellinger's Business Leader of the Year". Loyola University Maryland. Retrieved 21 February 2013.
  20. ↑ U.S.-China Business Council Elects DuPont Chair and CEO Ellen Kullman as Chair - Yahoo! Finance

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